AUD/USD is back to Monday’s highs near $0.7670 after recouping losses made on Tuesday following the RBA meeting. Today’s GDP for Q1 came in stronger at 1% versus 0.9% expected. The year-on-year number is now at 3.1% versus 2.8% expected. Monday’s strong retail sales numbers gave a hint that today’s GDP figure would be good.
Markets Shrug Off Trade War Fears
Daily Analysis - 06/06/2018